Fore Xer 4.0
Fore Xer 4.0 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages and Bollinger Bands. It places pending orders, moves the stop behind price and can size trades from your risk. It has 22 settings, for example Orders Type (default 0), SL (default 360) and TP (default 120). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 3 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Fore Xer 4.0
Fore Xer 4.0 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Bollinger Bands. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 22 settings, such as Orders type, SL and TP. MQL source code included.
Files in the download: DetailedStatement.gif, Thumbs.db, StrategyTester.gif, Thumbs.db, Инструкция.doc, d98334f4ad88.jpg, Thumbs.db, foreXer_4.0.ex4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Orders type | 0 | |
| SL | 360 | Stop loss distance |
| TP | 120 | Take profit distance |
| Close by | FALSE | |
| Cls | 80 | |
| MM | TRUE | |
| Risk | 5 | Risk per trade (percent of balance) |
| Man lot | 0.01 | |
| Open hour | 20 | |
| Close hour | 8 | |
| Slippage | 0 | Maximum slippage allowed when opening a trade |
| Magic | 5812793 | Magic number that tells this EA's orders apart |
| Smooth | 30 | |
| Speed up | 3.0 | |
| Speed down | 1.5 | |
| Shift | 0 | Bar shift (0 = current bar) |
| Friday | 65 | |
| Monday | 5 | |
| Trailing prof use | TRUE | Trailing stop distance or switch |
| Trailing prof start | 120 | Trailing stop distance or switch |
| Trailing prof | 150 | Trailing stop distance or switch |
| Max spread | 40 | Maximum spread allowed to trade |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · Bollinger Bands · MT4 Expert Advisor · MQL4 Source Code